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20130119
20130119
Search Results 0 to 3 of about 4 (some duplicates have been removed)
to address in his inaugural speech on monday. >> before these big fights on fiscal cliff and debt ceiling, the poverty the expanding. 50 million americans are in poverty. 20 million unemployed. and racial disparity keeps growing, plus this impact of violence. those issues must be confronted in the second go-round. >> joining me now is angela rye, outgoing director of the congressional black caucus. welcome, angela. >> thank you. >> we're listening to jesse jackson. do you think the point that he brought up means that the president has or has not adequately addressed the issue of poverty over the last four years? >> i think he's had a tough haul. when the congress changed a couple of years ago, you have a situation where folks are not willing to work with him. we saw the rise of the tea party and folks who just were not willing to cooperate. the president has done a lot of really good work, put forth a lot of good proposals, including the american jobs act, for one, which was not even considered. in fact, the congressional black caucus had nine proposals and recommendations which were all
the possibility of default. and address the very seriously these fiscal issues. there are lot of important issues, a basic fundamental values involved. let's do that. we do not need to do it in the context of the debt ceiling. >> do you believe that the fed should actively prevent future ?sset bubbles wha >> they're difficult to anticipate. we can do some things. we can try to strengthen our financial system. because the commission earlier, by increasing the amount of capital and liquidity, improving supervision of those banks, making sure every important financial institution is supervised by somebody. you make the system stronger, then a bubble or some other financial problem emerges, the system will be better able to be more resilient. you can try to identify bubbles. the rest and a lot of research on that. -- there's been a lot of research on that. the financial stability oversight council is made up of 10 regulators and chaired by the secretary of the treasury. one of whose responsibilities is to monitor the financial system, as the fed does, and tried to identify problems -- tried to identi
, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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